Britain and the US would both benefit from a new open trade deal, Donald Trump’s senior economic adviser told The Mail on Sunday this weekend.

In a wide-ranging interview, Stephen Moore, a former adviser to Ronald Reagan and a key architect of Trump’s plans to slash taxes, said the President-elect was not an isolationist and merely wanted trade to be fair.

Moore said: ‘I think that a more open and free trade system with Britain would be very much in America’s interests and in Britain’s interests. Trump has told me: I am not an isolationist. I am not a protectionist. I just want to make sure we have free trade, but fair trade”.’

Moore’s views will add to the already divided opinions over whether Trump’s victory helps or hinders UK hopes for a trade deal. Axel Schafer, a Brexit adviser to the German Government, was reported this weekend saying a UK-US deal was always unlikely but under Trump was ‘delusional’.

Moore hailed fracking as being like an ‘economic cure for cancer’ which had boosted the US. He said: ‘We almost doubled our oil and gas production in the last seven years. We are at the beginning stages of an energy revolution. If the US can do it, the United Kingdom can do it.’

Moore added that a tax deal to lure global companies back from low-tax markets like Ireland was the centrepiece of Trump’s economic agenda and would generate billions to spend on big infrastructure projects.

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